Economic History

January 5, 2014

One Reason That Geography Matters

Have you ever looked closely at Japan and the United Kingdom? Described by geographer Jared Diamond in a fascinating podcast, they look remarkably similar. Today Japan […]

January 3, 2014

Income Inequality Questions

Seeing economists Emmanuel Saez and Thomas Piketty’s favorite graph of the year at Ezra Klein’s Wonkblog, I thought of Benoit Mandelbrot. The father of fractal geometry, Dr. […]

May 16, 2012

Learning From the Low End

Sometimes it’s better to be at the bottom than the top. Explaining, Harvard’s Clay Christensen starts his story with the huge integrated steel firms and ends […]

November 28, 2011

The First Credit Default Swap

Some of the euro zone’s problems actually started with the Exxon Valdez oil spill. After the 1989 Exxon Valdez calamity, when an Alaska jury said that […]

November 24, 2011

A Plymouth Plantation Reprise

Perhaps even more relevant today, this was our blog for last Thanksgiving: In 1623, two years after the first Thanksgiving, Governor William Bradford was worried about […]

November 19, 2011

Stagnation or Education?

Is the problem stagnation or education? For George Mason economist Tyler Cowen, it was all about his grandmother. Debating MIT economist Erik Brynjolfsson, Cowen reminded us […]

November 17, 2011

Ben Franklin’s Turkey

The bald eagle is our national bird but, according to Ben Franklin, the turkey should have been. In a letter to his daughter, he explains why. […]

November 16, 2011

The Supreme Court and the Health-Care Law

How to understand what the Supreme Court will look at when they decide whether parts of the health-care act are constitutional? In an excellent interactive graphic, […]